Product Type: Market Research Report
Published by: TowerGroup
Published: November 2007
Product Code: R301-1360Description Paperless handling of mortgage loan documents before the loan is closed has been much discussed but rarely adopted. TowerGroup believes that the industry, both lenders and the technology suppliers that support them, are now in a position to take advantage of the benefits preclosing imaging can provide. This TowerGroup Research Note discusses approaches to implementing imaging; reviews the opportunities imaging, document management, and enterprise content management can offer a lender; and examines the approaches that loan origination system vendors have taken in integrating with imaging solutions.
Table of Contents - Report Coverage
- Background
- What Lenders Can Do with Preclosing Imaging
- Exhibit 1 Inputs to Document Repository Across Mortgage Lending Subprocesses (2007)
- Leveraging Document Management Functionality
- Exhibit 2 Document Management Features Required for Different Input Types (2007)
- Approaches to Deploying Imaging for Mortgage Processing
- Exhibit 3 Alternative Phased Approaches to Deploying Imaging in Preclosing Mortgage Processes (2007)
- Extending Functionality to Include Business Process Management
- Exhibit 4 Benefits to Lenders of Combining Document Management with Business Process Management (2007)
- Three Approaches LOS Vendors Take to Imaging
- Exhibit 5 Analysis of Options for Embedding Document Management in Mortgage Loan Origination Systems (2007)
- Summary
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